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The Provincial District Electric Company serves customers in the region where the states of Alabama, Georgia and Tennessee come together. Provincial Districtes the allowanion method

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The Provincial District Electric Company serves customers in the region where the states of Alabama, Georgia and Tennessee come together. Provincial Districtes the allowanion method for recognizing uncolectible accounts. The company's February 1, 2012, balance sheet showed accounts receivable of $38,598.000, which was shown net of uncollectible accounts of 51.345.000 Read the requirements Requirement 1. Suppose Provincial District wrote off a specific uncollectible account for $33,000 on February 2, 2012. Assume this was the only transaction affecting the accounts receivable or lowance accounts on that day. Give the journal entry to record this write off. What would the balance sheet show for accounts receivable at the end of the day on February 27 (Record debilirst, the credits Explanations are not required Date Accounts Debit Credit Feb. 2 mpany serves customers in the region where the states of Alabama, Georgia, and Tennessee come together. Provincial District uses the ny's February 1, 2012, balance sheet showed accounts receivable of $38,598,000, which was shown net of uncollectible accounts of $1,- al District wrote off a specific uncollectible account for $33,000 on February 2 2012. Assume this was the only transaction affecting the a record this Requirements counts 1. Suppose Provincial District wrote off a specific uncollectible account for $33,000 on February 2, 2012. Assume this was the only transaction affecting the accounts receivable or allowance accounts on that day. Give the journal entry to record this write-off. What would the balance sheet show for accounts receivable at the end of the day on February 2? 2. Suppose Provincial District used the specific write-off method instead of the allowance method for recognizing uncollectible accounts. Give the journal entry to record this write-off. Compute the accounts receivable balance that would be shown on the February 2, 2012, balance sheet. Print Done

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